Allstate Correlations
| ALL-PI Preferred Stock | USD 19.68 0.01 0.05% |
The correlation of Allstate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Allstate Correlation With Market
Poor diversification
The correlation between The Allstate and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Allstate and DJI in the same portfolio, assuming nothing else is changed.
Allstate |
The ability to find closely correlated positions to Allstate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allstate when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allstate - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The Allstate to buy it.
Moving together with Allstate Preferred Stock
| 0.85 | TKOMY | Tokio Marine Holdings | PairCorr |
| 0.73 | TKOMF | Tokio Marine Holdings Downward Rally | PairCorr |
| 0.9 | ALL-PH | Allstate | PairCorr |
| 0.73 | T | ATT Inc | PairCorr |
| 0.68 | DIS | Walt Disney | PairCorr |
| 0.74 | PG | Procter Gamble | PairCorr |
| 0.81 | HPQ | HP Inc | PairCorr |
| 0.94 | HD | Home Depot | PairCorr |
Moving against Allstate Preferred Stock
| 0.82 | MTC | MMTEC Inc Tech Boost | PairCorr |
| 0.82 | JBHT | JB Hunt Transport | PairCorr |
| 0.79 | MKL | Markel | PairCorr |
| 0.77 | CB | Chubb Sell-off Trend | PairCorr |
| 0.76 | HYMTF | Hyundai Motor | PairCorr |
| 0.75 | PINXY | Peoples Insurance | PairCorr |
| 0.75 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.58 | TRV | The Travelers Companies | PairCorr |
| 0.46 | PINXF | Peoples Insurance | PairCorr |
| 0.4 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.39 | SWZNF | Schweizerische Nationalbank | PairCorr |
| 0.91 | NHIC | NewHold Investment Corp | PairCorr |
| 0.91 | CSCO | Cisco Systems | PairCorr |
| 0.87 | DD | Dupont De Nemours | PairCorr |
| 0.86 | KO | Coca Cola | PairCorr |
| 0.85 | CAT | Caterpillar | PairCorr |
| 0.84 | AAPL | Apple Inc | PairCorr |
| 0.81 | MRK | Merck Company Aggressive Push | PairCorr |
| 0.74 | XOM | Exxon Mobil Corp | PairCorr |
| 0.74 | IBM | International Business | PairCorr |
| 0.58 | BAC | Bank of America | PairCorr |
| 0.55 | WMT | Walmart Common Stock | PairCorr |
| 0.42 | PFE | Pfizer Inc | PairCorr |
| 0.32 | BZDLF | Kincora Copper | PairCorr |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Allstate Preferred Stock performing well and Allstate Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Allstate's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IFZZF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AXS | 1.02 | 0.17 | 0.08 | 0.92 | 1.27 | 2.00 | 7.95 | |||
| HCXLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SIGI | 1.14 | 0.09 | 0.04 | 0.19 | 1.57 | 2.19 | 8.71 | |||
| MCY | 1.11 | 0.23 | 0.16 | 0.47 | 1.06 | 3.22 | 6.65 | |||
| RLI | 1.04 | 0.00 | (0.03) | 0.05 | 1.78 | 2.38 | 6.60 | |||
| WTM | 1.11 | 0.19 | 0.15 | 0.28 | 0.98 | 2.19 | 12.96 | |||
| THG | 0.85 | 0.06 | 0.02 | 0.26 | 1.19 | 1.98 | 5.19 | |||
| AHL | 0.11 | 0.01 | (0.24) | (1.56) | 0.07 | 0.25 | 0.90 |
Be your own money manager
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Allstate Corporate Management
| Russell Mayerfeld | Managing Director | Profile | |
| Peter CFA | Managing Investing | Profile | |
| Lewis Solimene | Managing Team | Profile | |
| Thomas II | Pres Chairman | Profile | |
| Samuel Pilch | Group Company | Profile | |
| Robert Toohey | Ex Officer | Profile | |
| Steven Sorenson | Exec Transformation | Profile |